The euro has posted sharp gains and punched above the symbolic 1.10 level. In the North American session, EUR/USD is trading at 1.1031, up 1.24% on the day. We continue to see significant volatility in the Read more…
Spot gold was down around 2.5% on Wednesday, as fresh wave of optimism on de-escalating conflict in Ukraine hit the markets and sparked demand for riskier assets, pushing the safe-haven metal in defensive. Pullback from Read more…
A barrel of Oil on the spot market briefly topped $130 for Brent and $125 for WTI, having retreated to $127 and $121, respectively, by the start of European trading. Oil received its latest boost Read more…
Yellen says Biden’s order ‘calls for a coordinated and comprehensive approach to digital asset policy.’ Treasury Secretary Janet Yellen on Wednesday praised President Joe Biden’s “historic” executive order on cryptocurrency. Among other things, Biden’s order Read more…
Daily Pivots: (S1) 115.36; (P) 115.58; (R1) 115.88; More… Range trading continues in USD/JPY and intraday bias remains neutral. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 Read more…
Daily Pivots: (S1) 0.9258; (P) 0.9282; (R1) 0.9316; More…. Sideway trading continues in USD/CHF and intraday bias remains neutral. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 Read more…
Daily Pivots: (S1) 1.3074; (P) 1.3109; (R1) 1.3137; More… Intraday bias in GBP/USD remains neutral for some consolidations. But upside of recovery should be limited by 1.3270 support turned resistance. On the downside, sustained break Read more…
The fast-food giant has a bunch of new deal and there’s a big reason for that. When March rolls around every sports fan thinks about the NCAA men’s and women’s basketball tournaments. Thoughts turn to Read more…
Daily Pivots: (S1) 1.0849; (P) 1.0903; (R1) 1.0958; More… EUR/USD’s recovery from 1.0805 extends higher today but outlook is unchanged. Intraday bias stays neutral first. While stronger recovery cannot be ruled out, upside should be Read more…
Risk sentiment seemed to have improved drastically today. There are talks that both Russia and Ukraine are softening their tone, which might give an exit for Russia abandoning the invasion eventually. Germany DAX is leading Read more…